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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Cash flows from operating activities:          
Net income (loss) $ (275,797) $ 84,475 $ 91,875 $ 74,878 $ 121,576
Net cash used in operating activities (363,237)       (349,846)
Cash flows from investing activities:          
Net cash used in investing activities (38,906)       (2,994)
Allocable to non-controlling interests in Consolidated Funds:          
Net cash provided by financing activities 1,445,552       353,331
Effect of exchange rate changes (14,120)       9,760
Net change in cash and cash equivalents 1,029,289       10,251
Cash and cash equivalents, beginning of period 138,384     120,498  
Cash and cash equivalents, end of period 1,167,673 $ 138,384     120,498
Consolidated Funds          
Cash flows from operating activities:          
Adjustments to reconcile net income (loss) to net cash used in operating activities (453,015)       (416,457)
Cash flows due to changes in operating assets and liabilities 188,510       (69,268)
Allocable to non-controlling interests in Consolidated Funds:          
Contributions from non-controlling interests in Consolidated Funds 133,265       54,035
Distributions to non-controlling interests in Consolidated Funds (13,492)       (20,736)
Borrowings under loan obligations by Consolidated Funds 454,391       396,144
Repayments under loan obligations by Consolidated Funds (73,609)       (61,227)
Ares Management L.P          
Cash flows from operating activities:          
Adjustments to reconcile net income (loss) to net cash used in operating activities 125,070       10,766
Cash flows due to changes in operating assets and liabilities 51,995       3,537
Cash flows from investing activities:          
Purchase of furniture, equipment and leasehold improvements, net (3,062)       (2,994)
Acquisitions (35,844)       0
Cash flows from financing activities:          
Net proceeds from issuance of Class A common stock 383,334       0
Proceeds from credit facility 790,000       145,000
Repayments of credit facility (60,000)       (60,000)
Dividends and distributions  (106,838)       (75,479)
Series A Preferred Stock dividends and distributions (5,425)       (5,425)
Stock option exercises 19,551       0
Taxes paid related to net share settlement of equity awards (73,500)       (21,121)
Other financing activities $ (2,125)       2,140
Allocable to non-controlling interests in Consolidated Funds:          
Cash and cash equivalents, beginning of period       $ 120,498 110,247
Cash and cash equivalents, end of period         $ 120,498